Buying a Home in 2017?
Are You 1 of 59 Million Planning to Buy a Home This Year?
According to a Bankrate.com survey, 1 in 4 people are looking to buy a home in 2017. If so, this means 59 million people will be looking to enter the housing market this year.
3 Key Takeaways from the Survey:
- Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)
- Minorities, particularly African-Americans, are twice as likely to consider buying this year compared to white respondents.
- Many potential buyers believe they need to put 20% down and need to have perfect credit to buy. They are unaware of programs that would allow them to buy now.
Real Estate Bottom Line
If buying a home is a part of your dream for 2017, let’s connect to make it happen!